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These can include death of an occupant, [1] [2] murder, [1] [2] suicide, [2] previous illicit activities, and even the belief that a house is haunted. [3] Controversy exists regarding the definitions of stigma and what sorts of stigma must be disclosed at sale. It is argued that the seller has a duty to disclose any such history of the property.
An individual's reputation and dignity after death is also subject to post-mortem privacy protections. [1] In the US, no federal laws specifically extend post-mortem privacy protection. At the state level, privacy laws pertaining to the deceased vary significantly, but in general do not extend any clear rights of privacy beyond property rights ...
The more important tax aspect of a transmutation agreement is the effect that it has on basis step-up (or step-down) at death. If the spouses had held the property separately in joint tenancy with a right of survivorship, the surviving spouse would automatically receive his or her half of the property by operation of law through the original ...
In a 5-2 decision, the Ohio Supreme Court said names and addresses in a health database kept by the state must be kept private.
Continue reading → The post How to Transfer Property Out of a Trust After Death appeared first on SmartAsset Blog. After a grantor passes away, becoming the trustee can be daunting, especially ...
Digital inheritance is the passing down of digital assets to designated (or undesignated) beneficiaries after a person’s death as part of the estate of the deceased. What was traditionally passed down as physical assets – analog materials such as letters, financial paperwork, photographs, or books – now exist for many people almost entirely in digital form as email, online banking ...
Many property owners create transfer on death deeds on their own, but even those who do hire an attorney to assist with preparing one are likely to face smaller legal fees than they would creating ...
Accountants distinguish personal property from real property because personal property can be depreciated faster than improvements (while land is not depreciable at all). It is an owner's right to get tax benefits for chattel, and there are businesses that specialize in appraising personal property, or chattel.